Genesee & Wyoming (GWR) Carload Traffic Drops 13.6% in March
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Genesee & Wyoming Inc. (GWI) (NYSE: GWR) has reported traffic volumes for March 2012 and the first quarter of 2012.
GWI’s traffic in March 2012 was 77,046 carloads, a decrease of 12,088 carloads, or 13.6 percent, compared with March 2011. GWI’s traffic in the first quarter of 2012 was 222,178 carloads, a decrease of 22,378 carloads, or 9.2 percent, compared to the first quarter of 2011.
Excluding 1,310 carloads from the Arizona Eastern Railway (AZER) acquisition, which closed September 1, 2011, and 250 carloads from the Hilton & Albany Railroad, Inc. (HAL), which commenced operations on January 1, 2012, same-railroad traffic in March 2012 decreased 13,648 carloads, or 15.3 percent, compared with March 2011. Coal & coke traffic decreased 8,462 carloads primarily due to lower shipments in GWI’s Illinois, New York/Pennsylvania and Ohio Regions. GWI’s other commodity group traffic decreased 3,905 carloads primarily due to lower overhead coal shipments in GWI’s Ohio Region. Minerals & stone traffic decreased 1,252 carloads primarily due to lower shipments in GWI’s Australia and New York/Pennsylvania Regions. All remaining traffic decreased by a net 29 carloads.
Excluding 4,028 carloads from AZER and 757 carloads from HAL, same-railroad traffic in the first quarter of 2012 decreased 27,163 carloads, or 11.1 percent, compared with the first quarter of 2011. The traffic decrease was principally due to decreases of 22,205 carloads of coal & coke traffic and 8,638 carloads of other commodity group traffic, partially offset by an increase of 3,188 carloads of metals traffic. All remaining traffic increased by a net 492 carloads. In the first quarter of 2012 Metallic Ores traffic was negatively affected by the closure of a section of track at the northern end of the Adelaide to Darwin line due to the Edith River bridge washout associated with Cyclone Grant. The line was re-opened on February 28, 2012.
GWI’s traffic in March 2012 was 77,046 carloads, a decrease of 12,088 carloads, or 13.6 percent, compared with March 2011. GWI’s traffic in the first quarter of 2012 was 222,178 carloads, a decrease of 22,378 carloads, or 9.2 percent, compared to the first quarter of 2011.
Excluding 1,310 carloads from the Arizona Eastern Railway (AZER) acquisition, which closed September 1, 2011, and 250 carloads from the Hilton & Albany Railroad, Inc. (HAL), which commenced operations on January 1, 2012, same-railroad traffic in March 2012 decreased 13,648 carloads, or 15.3 percent, compared with March 2011. Coal & coke traffic decreased 8,462 carloads primarily due to lower shipments in GWI’s Illinois, New York/Pennsylvania and Ohio Regions. GWI’s other commodity group traffic decreased 3,905 carloads primarily due to lower overhead coal shipments in GWI’s Ohio Region. Minerals & stone traffic decreased 1,252 carloads primarily due to lower shipments in GWI’s Australia and New York/Pennsylvania Regions. All remaining traffic decreased by a net 29 carloads.
Excluding 4,028 carloads from AZER and 757 carloads from HAL, same-railroad traffic in the first quarter of 2012 decreased 27,163 carloads, or 11.1 percent, compared with the first quarter of 2011. The traffic decrease was principally due to decreases of 22,205 carloads of coal & coke traffic and 8,638 carloads of other commodity group traffic, partially offset by an increase of 3,188 carloads of metals traffic. All remaining traffic increased by a net 492 carloads. In the first quarter of 2012 Metallic Ores traffic was negatively affected by the closure of a section of track at the northern end of the Adelaide to Darwin line due to the Edith River bridge washout associated with Cyclone Grant. The line was re-opened on February 28, 2012.
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